870 Queens Avenue · London, N5W 3H6
MLS® X12979630
Listed Apr 9, 2026
Listing courtesy of The Agency Real Estate·Listing last changed yesterday
Key facts
- Property type
- Triplex
- Square footage
- 1,500-2,000 sqft
- Lot size
- 34 × 90 ft
- Parking
- 3 spaces
- Property tax
- $5,544/yr (2025)
Description
Projected future rents for the triplex are estimated at $2,200/month for the upper level, $2,500/month for the ground level (currently owner-occupied), and $1,500/month for the basement unit, resulting in an approximate annual Net Operating Income (NOI) of $61,000; tenants pay hydro, as all units are separately metered. Seller is happy to remain as a tenant if the buyer wishes. (42562568) For reference, the seller's expense figures behind the NOI: house insurance $3,000, land care $1,000, snow removal $1,000, water heater rental $480 (taxes already in the listing).
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Property details
Interior
- Size
- 1,500-2,000 sqft
- Rooms
- 6 rooms · 3 kitchens
- Bathrooms
- 1 × 4-piece on Basement, 1 × 4-piece on Main, 2 × 6-piece on Second
- Basement
- Finished, Full
- Heating
- Forced Air
- Cooling
- None
Building & lot
- Type
- Triplex, 2-Storey
- Lot size
- 34 × 90 ft
- Exterior
- Brick Front
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- Private (3 spaces)
- Parking
- 3 spaces
Fees & taxes
- Property tax
- $5,544/yr (2025)
Estimated value range
$850K to $939K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Schools nearbyclosest is St Mary School, 700 m
Elementary
- 9.3
St Mary School
700 m · Grades 5-8
London District Catholic School Board
- 4.2
East Carling Public School
1.1 km · Grades JK-8
Thames Valley District School Board
- 7.8
Woodfield French Immersion Public School
1.4 km · Grades JK-8
Thames Valley District School Board
Secondary
- 5.3
H B Beal Secondary School
1.1 km · Grades 9-12
Thames Valley District School Board
Thames Valley Alternative Secondary School
1.4 km · Grades 9-12
- 5.7
Catholic Central High School
1.5 km · Grades 9-12
London District Catholic School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $5,091/mo all in
Monthly payment estimate
Land transfer tax$14,375 on closing
Ontario LTT
$14,375
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Apr 9, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold720 Queens Avenue, London East
Sold92 Rectory Street, London East
See what these 6 homes sold for
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Market conditionsBuyer’s market in London
6.1 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 93.4% of asking.
Avg. sold price
$424,500
Sale-to-list ratio
93.4%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $212,000 household income
Minimum household income required
$212,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
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Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
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